so today we're going to be talking about
should you invest in Bitcoin is it too
late to get on this Bitcoin train and
make some explosive gains like people
are seeing so let's go ahead and talk
about that guys and I'm kind of doing it
doing is I'm making a list of seven
things here okay and if any of these
seven scenarios apply to you then you
should absolutely not be buying Bitcoin
now before you guys jump down my throat
here I just want to say that doesn't
matter what you put here it doesn't
matter for talking Bitcoin the stock
market real estate I don't care what you
put here you shouldn't invest in
anything if you fall under any of these
scenarios especially higher risk and
speculative investments like Bitcoin now
I'm not talking about some kind of
passive investment like investing in
index funds or blue chip stocks maybe if
you're if you're doing some of these
things on this list you could still do
that but Bitcoin is a very high risk and
speculative investment with high
volatility it is not something for
beginners so let's go ahead and go over
this list guys and if you are not
falling under any of these seven
scenarios then maybe you will decide to
buy Bitcoin but number one if you're
trying to buy Bitcoin because the
mailman said he doubled his money don't
buy Bitcoin okay the only reason you're
buying it is because somebody told you
that they made money with Bitcoin okay
you have no idea why they made money you
have no idea what bitcoin is about what
cryptocurrency is about if your only
reason for buying it is because someone
you know told you they made money then
don't buy Bitcoin or any cryptocurrency
number two if you want to get rich and
quit your job if your goal is to buy
Bitcoin become a millionaire and then
quit your nine-to-five job you're living
in the clouds guys that is never going
to happen you're not going to be able to
buy Bitcoin now and be able to quit your
job and I know a lot of people are
running cryptocurrency and Bitcoin ads
and things related to that that are
saying oh you know do this and then
you're going to be able to quit your
nine-to-five and fire your boss it's
like dude that's complete
nobody is going to invest in your IC
o---- and then quit their job as a
result of that that is the stupidest
thing I've ever heard but the sad thing
is it actually works and some people
believe that and I can't believe it
so if that's your reason for investing
and it doesn't matter what guys if it's
a real
state or whatever if it's Bitcoin if
your reason for investing is to quit
your nine-to-five next week it's not
gonna happen alright if your goal is to
retire earlier yeah that's realistic
that is just not a realistic goal and
that should never be a reason for
investing number three is if a trusted
source guarantees you returns and what I
mean by that is some Facebook ad or some
exchange offering you 1% interest every
day on your money if anyone's
guaranteeing you or a return of any kind
understand there are no guarantees with
this there's no guarantees with any
investment ok there's risk out there
there's lower risk and higher risk
investments and if you are somebody
who's not comfortable with risk
you can go lower risk and have a better
shot or a better guarantee or closer to
what would be a guarantee but there's no
such thing as a guarantee so if anyone
out there is guaranteeing you profits or
returns from any cryptocurrency or any
investment don't invest for that reason
there is no such thing as a guarantee
number 4 is if you can't afford to lose
the money and it's sad because actually
Jeremy from financial education pointed
this out one of the most popular
searches around Bitcoin right now is how
to buy Bitcoin with a credit card guess
what if you're buying Bitcoin with a
credit card you can't afford Bitcoin
don't buy it if this is money you're
gonna need to pay your mortgage if this
is money you're gonna need to buy
Christmas gifts for people or whatever
or if this is money you don't even have
that you're borrowing at a 25% interest
rate from your credit card company
you're out of your mind
don't do that do not invest in Bitcoin
if it's money that you can't afford to
lose if you got a couple thousand
dollars rolling around and you don't
care if you lose it then sure throw it
into Bitcoin throw it into some
speculative investment that's the time
when you would invest in something like
this is if it's money that you can
afford to lose number five is if your
only interest in Bitcoin and
cryptocurrency and blockchain technology
is the money if you don't care about
Bitcoin and in blockchain technology and
the possible implications and all you
care about is making money then you
should not invest in Bitcoin that would
be like investing in a stock and you
don't care about the company you only
care about the fact that oh I think it's
going to make me money
what's gonna happen as soon as you're
down on that investment you're gonna
sell as quickly as you can it's going to
result in you making an emotional
decision with your investment you at
least want to have some level of
interest in anything you invest in and
if you have no interest in Bitcoin no
interest in blockchain technology then
you should have no interest in being an
investor in this stuff all right
number six is if you have never
speculated before and I'm gonna add to
that as well if you have never invested
before then you should not go anywhere
near Bitcoin all right
you need to get some experience under
your belt you need to play around with
some index funds or blue chip stocks
before you and then have at that point
you have experienced the volatility you
have experienced loss and you understand
what it's like to be an investor this is
very volatile stuff here we're talking
about guys and a lot of people would say
you know what are you gonna do invest a
hundred dollars in some blue chip stock
I mean you could I know a lot of people
have had explosive returns with Bitcoin
this year so everyone is so interested
in it and I mean if you want to do it if
this is money that you can afford to
lose you can just lose that money and
you've never invested before then yes go
ahead and throw it into Bitcoin but do
not allow your experience with Bitcoin
to sway your decisions when it comes to
future investments because first of all
a lot of people that have made explosive
returns are forever going to be
expecting that to happen every time and
second of all if you do lose a lot of
money don't think that's gonna happen if
you invest in things like index funds or
blue chip stocks because it's a totally
different animal all right so don't
allow your experience with Bitcoin to
sway your investing decisions number
seven the final reason would be if loss
and volatility scare you or keep you up
at night okay if you're going to be
checking the price of Bitcoin and seeing
seeing the price go up and seeing the
price go down and at the same time your
emotions are gonna go up and then back
down then stay away from this you're not
someone who has high risk tolerance and
you should not be investing in anything
with high volatility Bitcoin has has
crazy volatility you should not go
anywhere near it
I just want to restate this guys this is
not just about Bitcoin this is anything
you're investing in
if you fall under any of these seven
scenarios you should not be investing in
something high-risk and speculative like
Bitcoin
but yeah so I hope that helped you guys
answer this question of whether or not
you should invest in Bitcoin the main
reason people are interested right now
is because FOMO has been triggered or
the fear of missing out everyone's
afraid that they missed out so they want
to jump on a train that's already moving
and who knows where that trains going at
this point a lot of the people and in my
opinion a lot of the money that was
there has already been made most of the
money to be made in Bitcoin was made a
couple of years ago or even earlier this
year when people bought it right now
it's anyone's guess where prices are
going so that's what I think guys that's
my opinion on it let me know what you
guys think in the comments section below
if you enjoyed this video please drop a
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for taking the time to watch this video
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